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coloneldebugger
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I trade at optionsHouse. You can too. http://oh.tellapal.com/a/clk/18cvG9
  • More than a quarter quadrillion dollars? Held by five companies? 0 comments
    Jul 26, 2009 2:52 PM | about stocks: XOM
    Five companies supposedly hold derivitives worth $296,000,000,000,000

    Exactly which accountant with valid a CPA can justify the existance of this amount of money?


    www.cfo.com/article.cfm/14113089?f=most_read


    For a reference point, $296,000,000,000,000 is equivilent to approximately 825 Exxon Mobils in terms of market capitalization. 

    Again, I point out the major problem we have in our financial world is our accounting practices.  The Goldmans, Enrons, Adelphias, etc. they all just take advantage of the make believe that accountants generate.  Disney's Imagineers can't even approach this level of fantasy.
    Themes: Accounting, fantasy, make believe Stocks: XOM
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